Economics

Economics

basics of economics

Industry: Economy

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Economics

Treasury bills

Economy; Economics

A form of short-term government debt. Treasury bills usually mature after three months. They are used for managing fluctuations in the government's short-run cash needs. Most government borrowing ...

Residual risk

Economy; Economics

When you buy an asset you become exposed to a bundle of different risks. Many of these risks are not unique to the asset you own but reflect broader possibilities, such as that the stock market ...

Restrictive practise

Economy; Economics

A general term for anything done by a firm, or firms, to inhibit competition. Generally against the law. (See antitrust and cartel. )

Returns

Economy; Economics

The rewards for doing business. Returns usually refer to profit and can be measured in various ways (see rate of return and total returns).

An example of a popular joke among economists: two economists see a Ferrari. "I want one of those," says the first. "Obviously not," replies the other. To get a smile out of this it is necessary (but ...

Ricardian equivalence

Economy; Economics

The controversial idea, suggested by David Ricardo, that government deficits do not affect the overall level of demand in an economy. This is because taxpayers know that any deficit has to be repaid ...

Risk

Economy; Economics

The chance of things not turning out as expected. Risk taking lies at the heart of capitalism and is responsible for a large part of the growth of an economy. In general, economists assume that ...